Coal India Fined ₹5.45 Lakh by BSE for Non-Compliance
Coal India Limited has been fined ₹5,45,160 by the Bombay Stock Exchange for non-compliance with SEBI LODR Regulations for the quarter ended March 31, 2026. The company attributes the non-compliance to delays in board member appointments by the government and is seeking a waiver.
The fine amount of ₹5.45 lakh is relatively small for a company of Coal India's size and is unlikely to have a significant financial or operational impact. The company is also seeking a waiver.
The company has been fined by a regulatory body, which is a negative development.
Coal India Limited has been fined ₹5,45,160 (inclusive of GST) by the Bombay Stock Exchange (BSE) for non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026. The specific violations cited relate to Regulations 17(1), 18(1), and 19(1) & 19(2) of the SEBI LODR Regulations, 2015.
The company stated that the non-compliance was neither due to negligence nor within the control of CIL's management. As a Government Company under the administrative control of the Ministry of Coal, the appointment of Board Members is handled by the President of India. Coal India Limited is actively pursuing the matter with the Ministry of Coal for the appointment of the requisite number of Independent Directors to its Board. The company has requested a waiver of the penalty from the BSE, noting that similar waiver requests have been favorably considered in the past.
This disclosure is made in terms of Regulation 30 of the SEBI LODR Regulations, 2015.
What to do with a filing like this
Coal India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Coal India Limited. Read the original for the full detail.